Retirement plan

EDWARD Y. YOUNG, D.D.S. PROFIT SHARING PLAN

Name: EDWARD Y. YOUNG, D.D.S., SOLE PROPRIETOR - EDWARD Y. YOUNG, D.D.S. PROFIT SHARING PLAN (2022) Form 5500
Creator: EDWARD Y. YOUNG, D.D.S., SOLE PROPRIETOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDWARD Y. YOUNG, D.D.S. PROFIT SHARING PLAN, EDWARD Y. YOUNG, D.D.S., SOLE PROPRIETOR

EDWARD Y. YOUNG, D.D.S., SOLE PROPRIETOREIN 94-1726156Plan #002PY 2022

1701 WEST MARCH LANE, SUITE E - STOCKTON, CA 95207209-478-2316

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$1.3M

-18.3% from 2021

Total participants

+100.0% from 2021

Average account balance

$443,629

-45.5% from 2021

Annual return

-15.46%

-26.81 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$392K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.59%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$20112

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FINDEC WEALTH SERVICES, INC.1 year Service code 28 · EIN 85-3994987	Investment Management	$8,868
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E3B3D2T2F2G

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$83K

$27779 / participant

Other / not subdivided$83K100.0%

% of EOY assets

6.262%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$443,629

$167,362+165.1%

$143,799+208.5%

$134,532+229.8%

Participation rate

66.7%

84.8%-18.2pp

80.3%-13.6pp

81.2%-14.6pp

Annual return

-15.46%

0.47%-15.9pp

-0.04%-15.4pp

418.27%-433.7pp

Employer contribution / active EE

$8,355

$5,620+48.7%

$4,952+68.7%

$4,741+76.2%

Participant deferral / active EE

$6,447-100.0%

$5,638-100.0%

$6,401-100.0%

Admin fee / account holder

$27,779

$18,094+53.5%

$14,677+89.3%

$11,429+143.1%

Provider

Service type

Compensation

FINDEC WEALTH SERVICES, INC.1 year

Service code 28 · EIN 85-3994987

Investment Management

$8,868

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

EDWARD Y. YOUNG, D.D.S. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDWARD Y. YOUNG, D.D.S. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion